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An update from Challenger Energy Group ( (GB:CEG) ) is now available.
Challenger Energy Group PLC has announced its Annual General Meeting (AGM) scheduled for July 24, 2025, where shareholders will vote on several resolutions, including the reappointment of directors and the extension of authority to issue new shares. The board emphasizes that extending the share issuance authority is a precautionary measure to ensure financial flexibility for future projects and opportunities, although it was not utilized in 2024. The directors unanimously recommend shareholders to approve all resolutions, which they believe are in the best interest of the company and its stakeholders.
The most recent analyst rating on (GB:CEG) stock is a Buy with a £0.50 price target. To see the full list of analyst forecasts on Challenger Energy Group stock, see the GB:CEG Stock Forecast page.
More about Challenger Energy Group
Challenger Energy is an Atlantic-margin focused energy company with a significant presence in Uruguay, holding two offshore exploration licenses in partnership with Chevron. The company is listed on the AIM market of the London Stock Exchange and the OTCQB in the United States.
Average Trading Volume: 408,478
Technical Sentiment Signal: Sell
Current Market Cap: £18.7M
Learn more about CEG stock on TipRanks’ Stock Analysis page.
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